The latest in cyber innovations are a cause for concern

In the second quarter of 2021, companies were fending off each month on average around 5000 malicious events. This represents a jump in blocked attacks of around 30 percent quarter on quarter and an increase of 40 percent in average blocked volume, with companies based in America and Europe, Middle East and Africa defending against twice as much volume compared …

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Cyber insurance is struggling to have the desired impact

Despite cyber insurance growing in popularity in recent years, it’s still failing to have the desired impact as insurers struggle to understand the risks involved. This is according to a new report from defense and security think tank RUSI, which also states that collecting reliable data to inform underwriting has been difficult for insurers. Basing its findings on interviews and …

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Rethinking cyber insurance | ITProPortal

The 2021 annual UK Cyber Security Breaches survey showed the risk of cyber breaches over the past year is potentially higher than ever, which should come as no surprise due to the rise of hybrid and home working and its impact on IT security. As a result, there has been a corresponding increase in UK businesses taking out a cybersecurity …

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Businesses suffering from ‘chasm’ between cyber strategy and actual practice

A cybersecurity strategy should serve as every organization’s steering wheel, but in reality there’s a world of difference between plan and practice. A new report from governance, risk, and compliance (GRC) firm MetricStream states that senior management and leadership jointly establish the strategic direction of their IT risk management program in most businesses. In the majority of cases (71 percent), …

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Print security is the remote working cyber risk very few saw coming

Printers could become the next frontier in cyber warfare, as hackers move to leverage unsecured networks and home printers. This is according to a new report from Quocirca, which argues that securing printers, both in the office and at home, needs to become a strategic priority for businesses next year. IT decision makers are aware of the security risks that …

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Over a third of UK tech firms experienced at least one cyber incident in 2020

Cybercriminals are doing all they can to make the lives of those working in the technology, media and telecommunications industry difficult. According to a new report from business insurer Hiscox, a third of businesses in the sector (34 percent) were breached in the past year. The company published its findings in the fourth annual Cyber Readiness Report, which states that …

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Lack of IT expertise is significantly undermining the cyber resilience of SMBs

With Covid-19 forcing most business into the digital realm, becoming cyber-resilient has never been more important. However, small businesses are having a hard time staying safe because they lack properly skilled workforce and struggle with the concept of remote working. A new report by Infosecurity Europe found that more than four in ten of businesses (41.5 percent) cited lack of …

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Top six cyber security threats to watch out for

Cybercrimes are estimated to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015. Data breaches cost companies heavily. This has forced businesses of all sizes to consider data protection seriously and implement robust cyber security defenses. Also, the threat landscape is continuously evolving and attackers are leaving no stone unturned to take advantage of vulnerabilities. …

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Ransom, bribery and the darknet – Why cyber criminals are shifting their modus operandi

27-year-old Egor Igorevich Kriuchkov believed that he had his next victim in sight. Arriving in the US in July 2020 – despite the Coronavirus pandemic – he began communicating with an employee of a business via WhatsApp. Kriuchkov had a simple proposition. In exchange for the employee inserting a USB stick infected with ransomware into his company’s computer systems, Kriuchkov …

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The long tail effect of the pandemic on cyber security

Having employees working from home isn’t news – many organizations have enjoyed this practice for over twenty or more years. However, since the onslaught of the Covid-19 pandemic we know that many organizations have shifted entire workforces to remote working and many others have made equally interesting adjustments. I am sure that many reading this article still have waking nightmares, …

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